Credit Suisse Group AG Chairman Axel Lehmann is forgoing a payment of 1.5 million Swiss francs ($1.6 million) for his first full year on the job, as the bank reported its worst annual performance since the 2008 financial crisis.
Lehmann, who took up the role in January 2022, will not receive the standard fee that’s usually paid on top of board members’ salaries, according to the bank’s compensation report published Tuesday after a delay of several days due to a last-minute query by US regulators.
